XTRALOC LIMITED

Company Registration Number:
02804418 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

XTRALOC LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

XTRALOC LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 297,979 351,250
Investments: 4 23,564 23,564
Total fixed assets: 321,543 374,814
Current assets
Stocks: 416,638 320,756
Debtors: 5 952,342 671,208
Cash at bank and in hand: 677,940 1,034,908
Total current assets: 2,046,920 2,026,872
Creditors: amounts falling due within one year:   (856,838) (882,355)
Net current assets (liabilities): 1,190,082 1,144,517
Total assets less current liabilities: 1,511,625 1,519,331
Total net assets (liabilities): 1,511,625 1,519,331
Capital and reserves
Called up share capital: 151,010 151,010
Share premium account: 29,990 29,990
Other reserves: 100,000 100,000
Profit and loss account: 1,230,625 1,238,331
Shareholders funds: 1,511,625 1,519,331

The notes form part of these financial statements

XTRALOC LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Bernadette Shannon
Status: Director

The notes form part of these financial statements

XTRALOC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: - Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets re initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment costs. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: - Building Improvements: - 10% Straight Line Plant and Equipment: - over 1, 3, 5, 10, and 15 years Lab Equipment: - over 1, 3 and 5 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Valuation and information policy

Stocks Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Other accounting policies

Taxation The tax expense represents the sum of the tax currently payable and deferred tax. Current Tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred Tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. Retirement Benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Leases Rents payable under operating leases, including any lease incentives received, are charged to profit and loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Foreign Exchange Transactions in currencies other than pound sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit and loss.

XTRALOC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 11 10

XTRALOC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,142,271
Additions 10,949
At 31 December 2024 1,153,220
Depreciation
At 01 January 2024 791,021
Charge for year 64,220
At 31 December 2024 855,241
Net book value
At 31 December 2024 297,979
At 31 December 2023 351,250

XTRALOC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

Investments in subsidiaries are measured at cost less accumulated impairment.

XTRALOC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

XTRALOC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Financial commitments

At the reporting date the company had minimum lease commitments of £24,861 (2023 £23,748).

XTRALOC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

Name of the related party: Xtraloc LLC
Relationship:
Subsidiary Limited Liability Corporation incorporated in Delaware, USA.
Description of the Transaction: During the year the company advanced working capital funds in the amount of £85,880 to Xtraloc LLC. At the end of the period an additional amount of £425,418 was owed by Xtraloc LLC to the company in respect of its purchase of goods from the company.
£
Balance at 01 January 2024 245,524
Balance at 31 December 2024 511,298